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Search Results 0 to 49 of about 351 (some duplicates have been removed)
see numbers showing there is a widening gap between rich and poor in this country, so the economy could definitely be an achilles' heel, and steinbruck might be in a position to exploit that. he certainly has a lot of financial expertise. the other possible weakness -- that ongoing euro crisis -- angela merkel will be in a tough spot if greece and spain are looking for further bailouts. euro policy also a possible area where she might be susceptible. it will be a very suspense- filled year. >> thanks very much for that. >> we turn to the u.s. now. there is good news this friday for the u.s. jobs market. the unemployment rate dipped below 8% for the first time in four years. >> right now, the figures are about a lot more than just the economy. with one month to go until the presidential election, they are all about politics. >> the latest job numbers were good news for u.s. president barack obama. for the first time since he took office, the unemployment rate fell below 8%. but his challenger, mitt romney, had a different take on the figures. he says they are actually a sign that t
in infrastructure, if we level the playing field, we will grow the economy. frankly, we have a ball and chain. it is congress. congress is holding us back. we need to change congress in two ways. we people who are more fiscally responsible. when the people who know the basics of how to work together. you will hear these things a lot tonight in my comments. i was the governor who drew top tax fraud. i had to cut $5 billion from the state budget, including my own salary. i'm the only governor in modern times who left the office with a smaller general fund budget and when i started. i know how to be fiscally responsible. my opponent when into the united states senate in 2001 with the biggest surplus in the united states and six years later left with massive deficits. during his time in the senate, the national debt went up by $16,000. he conceded that spending was a problem in the senate. we also have people who need to know how to work together. i learned to cut crime bills and the economy. my opponent said his job was to not democrats softly. he took this similar position in the senate, fighti
in the first place. wall street cannot be allowed to be reinstated. it drove our economy off the cliff and people tried to punish our records but they were not the ones that drove off the cliff. yet that is where the budget goes to recoup. it's time for us to have responsible regulation that makes sense. >> thank you very much >> moderator: final question i will be asking. you have three minutes to both answer the question and then make your closing remarks. mr. renacci, you talk a lot about a bipartisan group that you are a member of, 16 members, eight republicans, eight democrats, and devotee sutton you talk about reaching across the offer cash for clunkers. no single party can have all of the good ideas. i wonder what you heard from your colleagues on the other side of the all that makes sense, and what are you doing specifically to bring the governments instead of gridlock to the nation's capital? and i think we split ahead of time, and the first response, final response will go to congresswoman sutton. sutton: thanks very much for the question. i think building those relationships
, how would you describe the jobs economy and right now? guest: this is the weakest recovery we have had since world war ii. the jobs numbers each month, we have averaged around 145,000 jobs created per month this year. that is barely enough to keep up with the growth of the working age population. and it has been a somewhat brazilian recovery in that there have been a lot of fears that we would go back into recession at various times and that has not happened. the overall economy has grown roughly 2% since the recession ended in june, 2009. that is a fairly weak growth rate, particularly after the death of the recession. by many measures, this is easily the worst since the great depression corporate -- the great depression. the modest and sometimes weak growth we have had has made it very difficult for the unemployed. we have long-term unemployed, those are of work for six months or even a year, that has been a record -- at record levels. ben bernanke has long term crashes -- the prices of long- term unemployment. -- the crisis of long-term unemployment. host: let's begin with a call fr
in the united states. the economy. the obama campaign flatly says you're lying. lying about the cost of your tax plan, you're proposed tax reforms. so far you haven't released a lot of specifics about eliminating various loopholes or you've said your tax cuts would be revenue neutral you wouldn't add to the deficit. let's go through how you would do that. specifically home mortgage deductions, charitable mortgage contributions. are you ready to remove those? what's going on? >> well, i've made pretty clear that my prirnls are number one simplify the code. number two, create incentives for small and large businesses to grow. number three, don't reduce the burden on high income taxpayers. and number four, remove the burden somewhat for middle income people. i don't want to raise taxes on any group of americans. those are the principles. at the same time how we carry them out would be lowering the tax rate across the board and making up for that, both with additional growth and with putting a limit on deductions and exemptions, particularly for people at the high end. those are principles which for
cuts and tax increases will drive down the u.s. economy over what's called the fiscal cliff. central bankers from the u.s. and elsewhere explained how they were using additional monetary easing to curb their common problems. the ministers and governors didn't emerge with any official statements or even give signs of further coordinated action. they said something they've said before -- they'll keep working on it. reiko sakurai, nhk world, tokyo. >>> the head of the imf is asking those around her to draw on the spirit of their hosts. l christine lagarde says she's impressed by the resilience japanese showed as they worked to recover from last year's disaster. she's calling on leaders to share that sense of cooperation. >> we expect action, and we expect courageous and cooperative action on the part of our members. >> lagarde says she and her colleagues unwhat needs to be done. she's urging banking supervisors to complete the job of rewriting the rules of finance. government leaders need to tackle what she calls a legacy of high debt. lagarde says they should focus on getting people, p
the latest look into the u.s. economy, and the latest fuel for the fight over economic policy in the presidential campaign. it was the kind of news that president obama hoped for, just over a month before the election and two days after a sub-par debate outing. >> more americans entered the work force, more people are getting jobs. >> brown: indeed, september's unemployment rate, calculated by a survey of households, fell to 7.8%. that's the lowest since the president took office. a second survey, of businesses, showed that employers added a net of 114,000 jobs, and job gains for july and august were revised upward by 86,000 the president touted the numbers in a campaign stop at george mason university in fairfax, virginia. >> now, every month reminds us that we've still got too many of our friends and neighbors who are looking for work. there are too many middle class families that are still struggling to pay the bills. they were struggling long before the crisis hit. but today's news certainly is not an excuse to try to talk down the economy to score a few political points.
think he'll match up to vice president biden when it comes to the economy first, foreign policy second? >> i think it will be an even match. biden was in the senate 36 years so he has a very good understanding of federal issues as well. but paul ryan jokes about how he's been reading federal budgets since he was 22 years old. so they both have a very long backlog of data they can use. i think they'll be evenly match. >> what's your word of caution for each with 30 days to go? >> don't get overconfident for both sides. >> that's good. all right. erin, always great to talk to you. heating up, getting really close. we'll talk to you again. >> sounds good. >> you don't want to miss the first vice presidential debate. i'll be sitting in front of the tv. joe biden squaring off against paul ryan and this this is the e to tune in live. that happens on october 11, 9:00 p.m. tune in a few minutes more. lots of commentary too right here on the "fox news channel." >> speaking of foreign affairs, tensions are rising with new reports of more shells fired from syria into turkey. now for a fifth strai
trying to push the leaders of developed economies down a prudent path. weighed some of the risks and say confidence pretty much everywhere is still pretty fragile. economists release global financial stability report, checkup of the financial system. >> the choice today is between making the necessary but tough policy and political decisions or delaying them once more in the false hope that time is on our side. it is not. >> the man there says it is time for governments off to act. he said the biggest risk is the euro zone. private sector money pulled out from peripheral economies in the region back into the core ones. that is pushing up borrowing costs for government, banks, countries, italy and spain. this he is says feeding a further downturn to. reap ver to reverse the situation is well timed fiscal consolidation and they need to do this reducing excessive debts. economists fame size steps need to be take in to boost foundations beneath banks they hope the european stability and bond buying program will help rebuild investor confidence. they suggest a unified system to supervise bank
out of peripheral economies in europe back to the core ones. that's been pushing up borrowing costs for governments and banks in countries such as spain and italy. vinals said neighbor nations need to do their part toward stability. policymakers need to build stronger firewalls and establish a banking union and a single supervisor. he said weak banks need to restructure their financing. now, vinals said what's happened in europe should serve as an example for financial leaders in the united states as well as here in japan. he said waiting until the strains become clearer just leads to harsher outcomes. vinals says japan's high level of debt presents a stability risk and said the government leaders need to deal with budget problems. they pointed to commercial bank holdings of government bonds as yet another risk. they project in five years bonds could make up a third of those banks' total assets and they warned those institutions would suffer heavy losses if interest rates rose. now, vinals said japanese leaders need to be more vigilant about their risks. i had a chance to speak with
of the u.s. housing market. coming up, a discussion on the economy and campaign 2012. the u.s. chamber of commerce and business roundtable. they look at what they see as the most important business issues this election cycle. you can see it live, starting at 8:30 eastern, on c-span 2. today, a look at the obama administration's aid to the auto industry. the former lead adviser on the auto industry will be live, starting at 9:00 a.m. eastern, on c-span 3. this month, as the presidential candidates meet for debate, we are asking middle and high school students to send a message to the presidency. students will answer the question, what is the most important issue the president should consider in 2013? there is a grand prize of $25,000. -- $5,000. for complete details and rules, go online to studentcam.org. >> in a foreign-policy speech, mr. khamenei said that president obama is a passive in the middle east chris it is time to change course in the regent. -- region. foreign policy will be the focus of the third presidential debate on october 22nd. this is 30 minutes. congressman goodlatte
's policies would hurt farmers. the governor talks about his five-point plan to fix the economy, something he says will help everyone from farmers to small businesses. >> i'll make sure our tax policies and our regulatory policies and healthcare, all these things come together to make it easier for small business to grow and thrive. america needs this new direction. we can't go on the path we've been on. we must restore america's strength and i will do it with your help. >> the obama campaign leveling a new attack at governor romney today over his plans to cut spending, specifically cut funding for pbs that would affect big bird. they have a new ad about it on today. >> bernie madoff, gut tons of greed and the evil genius to towered over him. one man has the guts to speak his name. >> big bird, big bird, big bird. >> it's me big bird. >> big yellow, a men as to our economy. mitt romney knows it's not wall street you have to worry about, it's sesame street. >> reporter: the republican national committee coming out with its own response, this graphic advertisement that quotes the count from ses
to "washington journal." as campaign 2012 hits its final month, the presidential candidates are using the economy to frame their vision for the future and what they would do for the american dream. we saw a jobs numbers that showed an unproven unemployment rate. we would like to hear your opinions. has the american dream been downsized? you can also share your opinion on social media. send us a tweet by writing @cspanwj. you can also join the conversation on facebook. or you can e-mail us. the front page of "the washington post"looks out with the call life of a salesman. he always finds to -- he always seems to find optimism in the worst of circumstances. here is another chance. the story profiles this man building and installing pools. how he had to downsize his business, cut employees, and work even harder to find jobs. let's take a look at the content. it says -- what do you think? has the picture of the american dream changed? national journal took a look it how americans are perceiving the economic situation right now, not just on a national level but on the personal lives, too. in a heartla
to reform their economy. geithner meant with the indian finance minister in new delhi. >> i think the reforms outlined by the government of india offer very promising paths to improving growth outcomes for the indian economy. >> observers say geithner is urging the indian government to proceed with the economic reform policies. the prime minister has been trying to implement changes. one example is his push to open the retail sector to foreign supermarkets. plans to ease restrictions on foreign investment have sparked an angry reaction. one party has left the ruling coalition in protest. >>> now let's check on the markets. u.s. stock markets ended lower on tuesday as lingering uncertainties about the global economy led investors to sell shares. to see how stocks are trading this wednesday morning, let's go to ra mean at the tokyo stock exchange. the earnings season kicked off in the u.s. giving investors the jitters it seems. >> jitters indeed. we did see the dow trading lower but the nasdaq was the biggest loser after a brokerage down grade for intel which weighed on that tech he
together again to try to fd a way to keep the global economy from stalling. they're getting ready to meet in folk tokyo. their discussions are happening on the sidelines of the international monetary fund and world bank meetings. this is the first group of 7 meeting since april when ministers met in washington. they're trying to find ways to create steady growth despite europe's lingering debt crisis. representatives from eurozone countries are expected to look for support for the new rescue fund they launched monday. analysts say the global economy has been comparatively stable in recent months with financial rkets showing more solid movements but they warn china and other emerging economies are slowing down because of europe's problems. and those problems just seem to worsen day by day for eurozone members. a major u.s. ratings agency has downgraded spain's sovereign bonds. they're now just above junk territory. standard & poor's cut spain's credit rating by two notches, from bbb-plus to bbb-minus. only one notch above speculative status. they also point out a fear that worsening unempl
is going to be the economy that decides it. in the economy of monthly and quarterly data releases, this is the economy of day-to-day lives. the struggle to find jobs and pay bills. it was striking and that several people referring to both candidates said, i wish they could step into my shoes for a day to see it as i see it. there is a perception that they have not empathize. hashemi polls suggest that some voters say they are starting to see an uptick in the economy. >> there is a concern about the day-to-day lives and the future. we cut something. that is what washington has done and they're very worried about china. >> nobel prize for literature has been awarded to the chinese writer. making the announcement, the swedish academy praised his for realism. many in the west may not be familiar with his work, but we have more on the prolific writing that has stretched for decades. >> [inaudible] >> he was at home with his dad when he heard that he won the nobel prize for literature, the first chinese national to do so. he said he felt overjoyed and terrified as the man who made the a
. euro zone leaders will try to nurture the spanish economy through the troubled banks. first on the list will probably be a bailout for the spanish bank. greece is also a big worry. the european central bank on the ground but in a report card together. they cannot seem to come to agreement between the lenders about the next round of cuts to greece, which could delay the next round of bailouts for the country. the next question is can the country afford a waiting game? >> among issues is the progress for 2013. it's been relatively ok, because most of the items have been approved by the troika. so much of the additional services measures of $13.5 billion, now they look more less set. nevertheless, we need some further write-down of greek outstanding debt burden. if the imf or to participate in the program, then it would need sustainability. the forecast for the economy for the next year, the debts are not sustainable. >> i want to take you back to the mergers and acquisitions story regarding china. we hear the term "trade war." >> some say that it's kind of smells of that. given the global
the election's all about the economy and both men were trading jabs today in the battleground state of virginia. >> today's news certainly is not an excuse to try to talk down the economy to score a few political points. it's a reminder that this country has come too far to turn back now. >> when i'm president of the united states, that unemployment rate is going to come down not because people are giving up and dropping out of the work force, but because we're creating more jobs. i will create jobs and get america working again. >> let's get right to tonight's big story. with senator john mccain, the arizona senator and former presidential candidate joining me now. welcome to you, senator. >> thank you, piers. >> we are going to come to the debate in a moment. you've been one of the only people who debated both barack obama and mitt romney so you're in a unique place to tell me what you made of the new style romney and indeed, obama. before we get there, though, today's big news on the jobs front. whichever way you spin this from the republican side, this has to be good news not only for the p
's still the economy. campaigning in virginia coal country, mitt romney tried to dig through the latest jobs numbers. to make the case, he has not hit just yet. >> fewer new jobs created this month than last month and the unemployment rate, as you know to this year, has come down very slowly. the reason it's come down this year is primarily due to the fact that more and more people have just stopped looking for work. >> still, one of romney's key metrics on the president's handling of the economy went up in smoke when the nation's unemployment rate dipped below 8%. >> 88% unemployment for over, what 43 months. >> we still have unemployment above 8%. >> he told us to get us back to work and hold unemployment for 8%. >> month after month, after month. >> it's a political bar rising. proposing statement at the first presidential debate. >> we've had 43 straight months with unemployment above 8%. if i'm president, i will help create 12 million new jobs in this country with rising incomes. >> reporter: but romney notes the president has fallen short of estimates set by the own economic advis
direction. look at where we are. the economy is barely limping along. it is growing at 1.3 percent. >> for a guy who says 47 percent of the american people are unwilling to take responsibility for their lives my friend recent y in a peach says 30 percent are takers, these people are my mom and dad, the people i grew up, and my neighbo, th pay more effective tax than governor romney pays in his federal income tax. >> their ideas are old and their ideas are bad and they eliminate the guarantee of medicare. >> that statistic was completely misleading but more importantly -- >> that's the facts. >> this is what politicians do when they don't have a record to run on. >> rose: joining me now in new york is rich lowry, editor of the "national review", from danville is mark halperin of time magazine, chuck todd of nbc news and from washington al hunt, executive editor of bloomberg news, joining us shortly from washington will be katty kay of the bbc world news america, gwen ifill of pbs and joining us in new york is john dickerson of nbc news and slate magazine, i am glad to have all of th
the a but. manufacturing has contracted for 11 straight months, and the economy is flat line right now, so they have a predicament where they bought much too much. gerri: one of the biggest threats to the u.s. economy now is china's economy. i want to change tax a little bit and talk but mitt romney. he had an impressive delivery today on foreign policy. a big speech. here's what he had to say. >> the president is fond of saying that the tide of war is receding, and i want to believe him as much as anyone else. when we look at the middle east today with a run closer than ever to nuclear weapons capability, with the conflict and syria threatening to destabilize the region and with violent extremists on the march and with an american ambassador and three others dead, likely at the hands of terrorists. it is to the rest of conflict is higher now than when the president took office. gerri: does he have that right? >> i think he absolutely does. i have been waiting 25 years for the speech. romney david. he was channeling reagan, harkening back to the notion that america uses our economic power
opponent talk about the issues that are before the american peel right now, primarily being the economy. they were not given the opportunity to do that. and the reason they weren't is because of the way joe biden behaved during the debate. i think he's going to cost the obama campaign long-term among undecided voters. >> any obligation here, bill, on the part of the moderator? i hate to pick on the moderator but you are supposed to make sure people can at least hear when they say. >> i don't think she's biased, i think some people say that, but i much prefer the first format because i found disconcerting part what dan said, but partly they were debating with martha raddatz, one person, rather than debating with one another and the american people. if you look at the split screens, they weren't looking at each other. i would rather the issues to be debated be decided less by one newspaper person or one tv reporter than by the candidates themselves. >> it's not a press conference, it's a debate. >> right. much more on this week's vice presidential debate when we come back. plus a look ahe
-time jobs coming into the economy. here is dart den restaurants. considering more part-time jobs to address health reform costs. telling fox business the law is so rigid there is no flexibility in it at all. hear is the deal, hear is the bottom line. basically the high cost of affordable care. if you work 30 hours a week you are supposed to be getting health insurance. if you go below 30 hours you don't get health insurance. if the company doesn't provide you 30 hours a week, the company pay as fine of 3 tow per worker. the incentive to drop below the 30 hour per week water mark. the problem these companies, restaurants like darden which owns olive garden and longhorn steakhouse, they were providing cheap health care coverage to workers. they were doing that the health reform law struck it out. it obliterated it because they were too cheap. they didn't provide enough in the way of benefits. a lot of high turnover in these industries. they are naturally part-time. we may start to look like japan where 25% of the workforce is part-time. the u.s. is running around 13%. that is the bottom line.
our economy forward, as he has for 31 straight months. and 44-month low in the unemployment rate. you know what is really shocking is that you have republicans, colleagues of mine, mitt romney, reince priebus, disappointed to continue the football analogy. they were rooting for a fumble and it's unbelievable that they are disappointed that we have a 44-month low in the unemployment rate. the american enterprise institute said that anyone talks about cooking the books is living in crazy town. so i guess chairman priebeus and other republicans either are dwelling there or simply rooting for failure. we need to continue to move our economy forward. >> shannon: the same grandpa, aei, said that under the president's plan, taxes would go up by $4,000 are they right? >> the tax policy center, which made up of economists from the bush administration and as well as the clinton administration, their asis says when it comes to mitt romney's and paul ryan's budget plan, it would cost $2,000 to pay for tax breaks for millionaires and billionaires, it turns medicare into a voucher system. that's on
the economy to score a few political points. it's a reminder that this country has come too far to turn back now. [ applause ] >> when i'm president of the united states -- [ applause ] >> -- that unemployment rate is going to come down, not because people are giving up and dropping out of the work force, but because we're creating more jobs. i will create more jobs and get america working again. >> let's get right to tonight's big story. we're with john mccain, former presidential candidate, and he joins me now. welcome to you, senator. >> thank you, piers. >> when it comes to the debate, you were one of the only people, actually, who has debated both barack obama and mitt romney, so you are in a unique place to tell me what you made of both of their performance. whatever way you spin this from the republican side, the job front has to be good news not only for the president but also america, but the number has now gone down to 7.8% for the first time since 8% of his presidency. >> i think that's found to be good news, but i also think you have to take it in the context that 7.8% is still u
Search Results 0 to 49 of about 351 (some duplicates have been removed)

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